How the Amazon-Google-Uber effect sets inflation
Debates about inflation in advanced economies have changed remarkably over the past decades. Setting aside (mis)measurement issues, concerns about debilitatingly high inflation and the excessive power of bond markets are long gone, and the worry now is that excessively low inflation may hinder growth.
Uber valued at $82.4bn as it prices IPO at $45 per share
Uber is seeking a valuation of $82.4bn, less than the $100bn it was hoping for, but still making it one of the largest IPOs of all time, and one of the most hotly anticipated stock market listings in the tech world since Facebook made its Wall Street debut seven years ago.
Shopping, songs, TV, transport … new tech has many sectors in disarray
Netflix has helped change the way we watch television and film, further weakening our reliance on traditional TV schedules and providing a cheaper alternative to a cinema trip.
It invested massively in shows such as The Crown, Stranger Things and House of Cards to drive subscriber growth. It is now spending money on locking in talent, including Grey’s Anatomy creator Shonda Rhimes and Ryan Murphy, the producer behind American Horror Story, to try to ensure its supply of high-quality content.
Uber pushed for UK congestion charges that would hit poor hardest
Uber used a private meeting with the transport secretary to push for congestion charges that a senior civil servant warned would hit poorer drivers hardest, records have revealed.
Without a fair tax on tech, it could be the end of the state as we know it
Alongside the results of last week’s US midterms came the passing of San Francisco’s Proposition C, a measure that will tax firms with an annual turnover of more than $50m (£44m) to raise an estimated $300m extra a year to help address homelessness. Last Tuesday, 60% of voters backed it: though the proposal is now snarled up in a constitutional dispute, its approval marks a big moment for a city whose housing crisis has become a matter of urgency.
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Addison Lee launches ‘new look’ digital booking interface to its customersAugust 9, 2019
Uber sees biggest-ever quarterly loss: $5bn in three monthsAugust 8, 2019- Will Uber ever make money? Day of reckoning looms for ride-sharing firmAugust 4, 2019
- Fleet News award winner Justin Patterson leaves Addison Lee to join SplendAugust 1, 2019
